The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-06-18
"a BETTER OUTLOOK
ron TIE TRADE OF THE COUNTRY. !,
The Speculative Disasters Only Eject Those
Directly Observation-Disclosures OF Trade
Against tho, United statss-Thc Gen.
cral Condition Of the Markets.

NEw YoRk, June l7.-R. G. Dun & 90, q
weekly review Of trade says: 1t 10 mos!
encouraging that two OF the great specu.
latlons Iby which legitimate bunlneas has
for months been embarrassed have come
to an end without disaster to other parties
save those who had invited disaster,
Arnold 4 Co., In coffee, and Kershaw &
Co., In grain, with number OF smslle,
operators. But commerce and finance
have not been seriously disturbed. Those
who dsrided or disputed the wheat sta.
tisticsGiyen three monthsagoi In thisreylew
can now see whether those figures were
more correct than the estimates OF the
speculative rings. March 10 this review
said "that the aurpluB in excess OF the
years home demand and the 104 900 900
bushals that has been already exported
was moro than 00. .000. 900 bushels" Spec.
ulatorB rldiculed this warning. But 4O..
000,0 900 bushels more hayo been exported
to date, and the home demand has been
fad, and within thirteen days Of The
end Of the crop year the "visible supply"
Of wheat is 42. LIZ. f76 bushels, all wheat
IN farmers hands and elevators and all the
aour In the country. lGG 55l'I7r'
For tho frat lime aimee February Chi
cago was selling wheat for export on
Tuesday and the market is now gradually
adjusting itself 10 natural conditions.
Sales Of wheat here reached 90, lG7, 900
bushels, and OF coffee l,272. 900 sackB. In
both markets liquidation is progressing
With more quiet feeling. I'G
The iron market Is somewhat weakened
In tone'by the breaking OF the coke com.
bination and the renewed production of
como furnaces which have been banked. |
Cotton yielded but littls when other
spcculations broke, though crop prospects
are everywhere reported the most fayora-
BILE for sersn yesrs. With q per cent
increase in acreage yield the largest eyar
known by 100000 bales may resnlt, vet
the price OF raw cotton is held 20 per
cent above that Of No. l, with.print cloths
lower than at that time. Distrust OF cur
rent prices affects dealings in goods to |
some extent, though tho demand ia still
healthy and strong. Higher prices for
wool at the Loudon sales, with stiff
prices at the West, dishearten manu-.
tacturers, who complain Of heavy imports
Of wooien goods classified as worBteds and
admitted at low duties. a & c.. slF5
Reports from many points, though al
most uniformly favorable as to the volume
OF trade for the season, and exceedingly
hopeful as to the future, begin to nots
sttirgency Of money in several directions.
At Cleveland, because OF large demands,
at Nashville, because Of real estate opera.
tions, at Omaha, boceuue larger sums have
gone into buildings, and at Detroit be-
cause OF tho wool movement. Chicago
bankers, in view Of large demands from
legitimate customers than were expected,
regret that 30 much has been tisd up in
wheatloans. Collections are reported eat
islactory at most points, about the aver
age st Ksnaas City, only fair at Denver,
Galveston, Omaha, end "not go good" at
st. Paul, where Q building strike keeps
2,G0O men idls. a! .l 553; 49,
The ore handless strike also disturbs
shipments at Cleveland. From Little
Rock it Is noted that Arkansas resl estate
has advanced 100 per cent in the past
yesr. Foreign trade Is not improving,
May showed q decrease OF Sic, ,25O, 900 in
exports Of cotton and $l.4OO,O00 in proyis.
ions and cattle, while the imports at New
York were 16. percent larger than last
year. Thafe is slight reduction in raw
and advance IN refined sugar. Lesther is
quiet, With some yielding in quotations,
though the fair business done by the boot
and shoe makers promises an improve
ment Railroad earnings continue excel
lent, and etocks yield but, little in price.
The Inter State Commerce Commiaaion's
latest decision il not 20. clearly under
stoed, hsrc Or abroad, but its effect is to
csuso Soma hesitation. 55sa.,5 ig g; r 3 f53
The business failures during tho last
seven days number for the United States
1873. for Canada 20, total i2l3, compared
with l73 last week and for the correspond
ing week 9! lastyear, los.
q ia -.4 a